South Florida Real Estate News

Upping the ante on Mizner Trail

In November, there was news of a proposed settlement of the lawsuit resulting from Palm Beach County’s approval last June of development on the old Mizner Trail Golf Course. I can report that in December there was a second offer.

The main plaintiff in the lawsuit, which argues that the county’s approval is illegal, is the Boca Del Mar Improvement Association. It’s the umbrella group for all the homeowner associations in Boca Del Mar, between Camino Real and Southwest 18th Street west of Military Trail. Mizner Trail is one of two golf courses in Boca Del Mar, which was developed 40 years ago. The other plaintiffs are a small number of residents.

The first offer was $250,000 to the improvement association. The

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The Downtown Boca Raton new construction craze continues with the latest project being Tower One Fifty Five. This condominium building, by Compson Associates Inc., is a twelve story building to be located on a 1.2 acre site on the 100 block of East Boca Raton Road.  These 1, 2, and 3 bedroom condos will vary in size from 743 to 2,475 square feet, and are predicted to be moderately to luxury priced between $450,000 and $2,000,000, averaging at around 500 per square foot.  There will be four (4) duplex-style 2-story penthouse units with soaring ceilings and expansive terraces offering views of the Atlantic Ocean, Downtown Boca, and the Boca Resort & Club golf course.  In addition, several townhomes will line the exterior on the south side of the building,

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327 Royal Palm Condos in Boca Raton, FLSales began today at the opening of the sales center for 327 Royal Palm, the latest addition to Boca Raton's luxury residential market, featuring exquisitely appointed residences that combine contemporary architecture, amenities and location to suit a vibrant lifestyle. The project and sales center are located at 327 East Royal Palm Road, Boca Raton, FL 33432.

Located within walking distance to Boca Raton's best restaurants, shopping and beaches, 327 Royal Palm will feature expansive 3-bedroom plus den residences ranging from 3,177 to 3,500 square feet, designer Italian kitchens with premium Sub-Zero and Wolf appliances, and an access-controlled private elevator entry into each apartment.

Group P6, the project's real estate developer, hired renowned

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New listing for sale in Boynton Beach, FLBeautifully upgraded lakefront home in the heart of Boynton Beach, Florida!  This home has been completely redone from top to bottom with the most exquisite finishes throughout!  The oversized lot sits on a private and serene lakefront location with views of the sparkling blue water and the fairways on the Westchester Country Club golf course in the distance.  

The home features bamboo wood flooring throughout, hurricane impact resistant glass, a new roof in 2008, brand new air conditioning units, and a drop-dead gorgeous kitchen with unique granite countertops, Italian cabinetry, and top-of-the-line stainless steel appliances. Both bathrooms feature solid surface countertops and seamless glass enclosed showers with marble flooring.  The spacious

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A solid game plan can help you narrow your homebuying search to find the best home for you.

House hunting is just like any other shopping expedition. If you identify exactly what you want and do some research, you’ll zoom in on the home you want at the best price. These eight tips will guide you through a smart homebuying process.

1.  Know thyself.

Understand the type of home that suits your personality. Do you prefer a new or existing home? A ranch or a multistory home? If you’re leaning toward a fixer-upper, are you truly handy, or will you need to budget for contractors?

2.  Research before you look.

List the features you most want in a home and identify which are necessities and which are extras. Identify three to four

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New Patio Villas under construction at Villaggio Reserve in Boynton Beach FL

Villaggio Reserve, the most exciting new Active Adult (55-plus) development in Delray Beach, has reached another important milestone. The first Patio Villas now are under roof.

That means Villaggio Reserve’s third residential concept joins the beautiful villas and the magnificent single family homes, creating a trio of remarkable residences that stand out as breathtaking homes in a community unmatched in South Florida.

“From announcing the Patio Villas this summer to going under roof this month, the speed of construction reflects how well our latest innovation in resort-style living was received by our buyers,” said Ron Yuter, Senior Vice President with developer Ansca Homes. Residences at Villaggio Reserve begin in the $290,000s through the

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According to Freddie Mac's latest U.S. Economic & Housing Market Outlook, U.S. home sales in 2015 will show increase to the numbers associated with a normal real estate market. Here is their projection:

"We are projecting a 4 percent rise in sales to 5.6 million, which would mark the highest level of annual sales since 2007."

And their optimism was seconded by both the National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA).

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Downtown Boca Raton New CondominiumsA downtown Boca Raton residential complex that languished for 10 years in the planning stages has been revived -- now with bigger proportions.

Royal Palm Place was approved in 2003 as a 149-unit, downtown apartment complex, part of the mixed-use development on Federal Highway. It received several extensions on its approval until time ran out in March.

But now, one of Boca's biggest landowners, Investments Limited, is bringing Royal Palm Place back to life. And now it's 200 units, instead of 149, and 13 stories high, instead of 10. It will also reach at least 40 feet higher the city's official 100-foot limit.

"The Royal Palm proposal is a sign of the times as there is robust demand for downtown units," said Glenn Gromann, chairman of the Downtown

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Realtors vs. For Sale By Owner

Let us see if selling your home by yourself as a FSBO (For Sale by Owner) is really cheaper as compared to selling it through a Realtor.

It has been discovered through research conducted that FSBO (For Sale By Owner) takes longer to sell, in addition to the fact that about 21% of them end up being listed on Multiple Listing Service (MLS). This leads to an average of 68 days longer as compared to real estate listed with a Realtor. So, with a Realtor, the average property spends approximately 69 days on the market, while with the property being sold by the owner, (FSBO), it spends as long as 88 days on the market.

Are you really saving money?

Many home sellers in today's real estate market are inclined to at least

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